Guyana's Shore Base Project Could Cut Shipping Costs by About 12%
Companies working on a $300 million logistics facility in Guyana that will support offshore oil operations said on Wednesday the shore base will help reduce shipping costs for supplies by as much as 12% by allowing larger supply vessels to dock.A consortium consisting of U.S. companies Exxon Mobil Corp and Hess Corp and China's CNOOC began production in Guyana in 2019 and has ramped up output since, aiming at 1.2 million barrels per day of crude and gas capacity by 2027.But onshore…
Steerprop Azimuth Propulsion for Icebreaking W2W Vessel
Finland-based propulsion specialist Steerprop has recently won a contract to deliver azimuth units as the main propulsion and steering system for a shallow-draught ice-breaking vessel being built for offshore oil operations in the Russian Far East.The 75.9 meters long, 14 meters wide vessel is being built by the Dutch shipyard Royal Niestern Sander for the Russian companies Mercury Sakhalin and Pola.The walk-to-work vessel will operate all year round in harsh ice conditions, transferring service technicians and equipment to and from offshore platforms off the Sakhalin Island.
US Gulf Platforms Shutting as Hurricane Delta Strengthens
Energy companies were securing offshore production platforms and evacuating workers on Tuesday, some for the sixth time this year, as a major hurricane took aim at U.S. oil production in the Gulf of Mexico.Hurricane Delta, the 25th named storm of the 2020 Atlantic Hurricane season, was churning in the Caribbean with sustained winds of 140 miles per hour (225 kph), already a dangerous Category 4 storm that is expected to scrape across Mexico's Yucatan peninsula and re-enter the…
Oil Storage Crunch May Affect Guyana Crude Shipments
Oil shipments from nascent crude producer Guyana's prolific Liza field could be affected by a growing storage glut that has contributed to plunging global crude prices, the country's director of energy said.A consortium led by Exxon Mobil began producing crude from the offshore field in December after discovering more than 8 billion barrels of recoverable resources together with partners Hess Corp and China's CNOOC Ltd. The poor South American country had no history of crude production.But a sharp fall in oil demand due to the outbreak of the new coronavirus has rapidly filled crude storage tanks worldwide, raising questions about Guyana's ability to continue producing its crude at the same level."No shipment from the Liza Destiny has been affected due to COVID-19 presently…
Griffon Hoverwork to Launch New Model
Griffon Hoverwork will launch its new 995ED model at Exponaval in Valparaiso, Chile.“Griffon is hugely excited to unveil the highly innovative 995ED which is specially designed for search and rescue, coastguard and surveying work complementing Griffon’s range of marine grade aluminium hovercraft,” said sales and marketing director Nick MacLeod-Ash. “The 995ED, at eight meters (m) length and 30 knots speed at full ‘all up weight’, is the first hovercraft to achieve certification…
Investors Ask Oil Companies for Risk Reduction Strategies
According to an August 6 report from Environment News Service, suffering deep financial losses from the Deepwater Horizon oil spill in the Gulf of Mexico, and in response to a proliferation of deepwater offshore drilling for oil worldwide, investors have sent a joint letter to 27 major oil companies seeking transparency on risk reduction strategies for their offshore oil operations. Fifty-eight investors in the United States and Europe, representing trillions of dollars in assets, sent the request for more information to chief executive officers at the oil companies, including the world's three largest deepwater oil producers - ExxonMobil, Royal Dutch Shell and Brazil's state-owned oil company Petrobras. (Source: Environment News Service)
